Forex trading

Second Icelandic Central Bank Rate Cut Larger than the First One November 20, 2024 Iceland’s central bank interest rate had been held at 9.25% from August 2023 until an initial rate cut last month of 25 basis points. Today’s second reduction doubled the size of that increment. A released statement observes a broadly shared disinflation,…

Several Points of Focus Today November 20, 2024 Third-quarter earnings from the Nvidia, which arrive after markets close today, could be highly influential in determining where the stock market goes from here. Forward guidance from the AI chipmaker holds the key. Disinflation and sluggish growth in the euro area are the backdrop to the recent…

Investor Flight to Safety After Putin Threatens Use of Nuclear Weapons November 19, 2024 Geopolitical risk took a turn for the worse today. Russian President Putin widened conditions under which nuclear weapons might be used not only against Ukraine but allies of Ukraine whose long-range missiles are used against Russian sites by Ukraine. The clear…

Quiet Monday So Far Aside from Large Gains in Tesla and Crypto November 18, 2024 The weighted DXY dollar index has ticked 0.1% higher due to a 0.7% rise against the yen but mitigated by marginal dips against the euro, Swissy, and sterling. DOW and SPX futures are little changed, while a 3% advance in…

Next Week’s Menu: November 16-22, 2024 November 15, 2024 Central Banks: Monetary policies will be reviewed in China, Indonesia, Iceland, Turkey, Hungary and South Africa. Guindos and Schnaebel of the European Central Bank and Collins and Hammack of the Federal Reserve are some of the monetary officials with public speaking engagements in the period. Special…

Mexico’s Third Central Bank Rate Cut Thus Far November 15, 2024 The Bank of Mexico’s overnight interbank funding rate as expected was cut a third time since August to 10.25%. Like moves then and in September, today’s announced reduction was by a cautious 25 basis points. Mexico remains in Trump’s cross-hairs, and one risk is…